Joby, backed by Uber and Toyota, is rising on the promise of air taxis on its IPO

Joby Aviation, which promises to build and operate a commercial fleet of air taxis by 2024, began trading Wednesday, testing the imagination of public investors. The stock gained more than 12% in the first hour of trading. Since its inception in 2009, Joby has had companies like Uber Technologies Inc. and Toyota Motor Corp. sold …

BYD is delivering a further 76 eBuses to Helsinki

BYD has supplied the Nordic public transport operator Nobina with a further 76 eBuses for use in Helsinki. The fulfillment completes Finland’s largest ever electric bus order – a 119 unit order for Nobina – and is BYD’s second delivery to Finland after 43 units arrived in Turku in June. The new Nobina fleet is …

What is in the Senate’s Infrastructure Act

Construction of the new Sixth Street Viaduct Replacement Project in Los Angeles. (LAT via Getty) WASHINGTON – The Senate has passed a bipartisan infrastructure plan worth nearly $ 1 trillion ($ 550 billion in new spending) to rebuild roads and bridges, modernize public building systems, and improve broadband internet, among others Improvements in the country’s …

Climate goals cannot be achieved if only rich countries drive electric cars

Europe’s plan to phase out vehicles with combustion engines has made the region a pioneer in climate protection. But without progress in cleaning up the streets of poorer nations, it will not be enough to keep global warming below dangerous levels. Take Nairobi, for example. The Kenyan capital’s fleet of vehicles doubles every eight years …

ZF is preparing to complete the Wabco integration

After taking over the American commercial vehicle technology manufacturer and brake specialist, ZF completes the integration of Wabco into its company. The two commercial vehicle divisions of ZF will formally operate as a unit from next year; of the combined Commercial Vehicle Solutions division. The two divisions are already active in the market and expect …

Dana invests in Switch Mobility from Ashok Leyland

Dana, the provider of propulsion and electric propulsion systems, and the Ashok Leyland subsidiary Switch Mobility have signed an agreement. Dana will invest in Switch and become a “preferred” supplier of electric powertrain components for the company’s electric bus and EV utility vehicle models, providing electric axles, transmissions, motors, inverters, software and controls, and electronics …

Wrightbus appoints Neil Collins as new managing director

The Northern Irish manufacturer Wrightbus has appointed Neil Collins as its new managing director. Collins will lead the business along with CEO Jo Bamford, who took Wrightbus out of administration in 2019, and CEO Buta Atwal. Wrightbus now has more than 600 employees, up from 50 who were in office when the company was acquired. …